Change in the number of barrels of crude oil held in inventory by commercial firms during the past week;
Usual Effect No consistent effect - there are both inflationary and growth implications;
Frequency Released weekly, 4 days after the week ends;
Next Release Jun 15, 2016
FF Notes While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector;
Why Traders
Care It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods;
Also Called Crude Stocks, Crude Levels;
Acro Expand Energy Information Administration (EIA);